JPMorgan Chase & Co. Has $61.57 Million Holdings in First Trust Rising Dividend Achievers ETF $RDVY

JPMorgan Chase & Co. cut its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 30.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 981,307 shares of the company’s stock after selling 427,720 shares during the quarter. JPMorgan Chase & Co. owned 0.40% of First Trust Rising Dividend Achievers ETF worth $61,567,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Total Clarity Wealth Management Inc. lifted its position in shares of First Trust Rising Dividend Achievers ETF by 6.0% during the 2nd quarter. Total Clarity Wealth Management Inc. now owns 102,900 shares of the company’s stock worth $6,456,000 after buying an additional 5,787 shares during the last quarter. US Bancorp DE raised its stake in First Trust Rising Dividend Achievers ETF by 0.7% during the first quarter. US Bancorp DE now owns 330,792 shares of the company’s stock worth $19,368,000 after acquiring an additional 2,315 shares in the last quarter. Robertson Stephens Wealth Management LLC acquired a new position in First Trust Rising Dividend Achievers ETF during the second quarter worth about $249,000. Novem Group lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 3.0% in the second quarter. Novem Group now owns 19,090 shares of the company’s stock worth $1,198,000 after acquiring an additional 555 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in shares of First Trust Rising Dividend Achievers ETF by 61.4% in the 1st quarter. Jones Financial Companies Lllp now owns 688,084 shares of the company’s stock valued at $39,929,000 after purchasing an additional 261,781 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Trading Up 0.3%

Shares of First Trust Rising Dividend Achievers ETF stock opened at $68.33 on Friday. The firm’s 50 day moving average is $67.09 and its 200 day moving average is $64.59. The firm has a market capitalization of $17.85 billion, a PE ratio of 15.46 and a beta of 1.10. First Trust Rising Dividend Achievers ETF has a 1 year low of $50.27 and a 1 year high of $68.49.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were issued a dividend of $0.1487 per share. The ex-dividend date was Thursday, September 25th. This represents a $0.59 annualized dividend and a dividend yield of 0.9%.

About First Trust Rising Dividend Achievers ETF

The First Trust Rising Dividend Achievers ETF (RDVY) is an exchange-traded fund that is based on the NASDAQ US Rising Dividend Achievers index. The fund tracks an index of 50 large-cap stocks with rising, high-quality dividends. RDVY was launched on Jan 6, 2014 and is managed by First Trust.